Airwallex Raises $320 Million as AI Finance Race Intensifies
Airwallex has raised $320 million at an $11 billion valuation, as the Singapore-based fintech accelerates its push beyond payments into AI-powered financial infrastructure and autonomous finance.
Airwallex is doubling down on artificial intelligence after raising $320 million in a Series H funding round that values the global payments and financial platform at $11 billion, up from $8 billion just six months ago. The fresh capital will accelerate the Singapore-based fintech’s push into autonomous finance while expanding its regulatory footprint across new markets.
The financing round was led by existing investor Addition and attracted support from Baillie Gifford, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Amex Ventures and several other institutional investors. According to Airwallex, the proceeds will fund AI-native product development, international expansion and the continued build-out of its financial infrastructure.
«We believe this is the most consequential moment in the history of global finance,» said co-founder and Chief Executive Jack Zhang. He argued that the company’s decade-long investment in licences, local payment networks and settlement infrastructure has positioned Airwallex to capitalise on the emerging “agentic economy, where AI systems increasingly initiate and execute financial transactions autonomously.
Betting on autonomous finance
Alongside the funding announcement, Airwallex unveiled two new AI initiatives designed to move the company beyond payments.
The first, T:0, is an AI-native financial operating platform that automates bookkeeping, tax management, forecasting, compliance and reporting from a company’s first day of operation. Airwallex says the platform aims to provide founders with CFO-grade financial management without requiring migration from existing systems. T:0 is currently in private beta.
The second product, Airi, is an AI-powered digital wallet built for agentic commerce. Initially incorporating Airwallex’s one-click checkout technology, the platform is expected to evolve into a wallet capable of supporting delegated AI payments, spending controls, permissions management and multi-currency balances. Together with the company’s Agentic Commerce Suite, Airi is intended to create an end-to-end commerce ecosystem built on regulated financial infrastructure.
Rapid growth
The fundraising comes as Airwallex continues to expand rapidly. The company reported annualised revenue of $1.3 billion in March, representing year-on-year growth of 74 percent, while annualised payment volume climbed more than 120 percent to $287 billion.
Notably, more than 90 percent of revenue now comes from customers using multiple Airwallex products, suggesting that the company is successfully transforming itself from a payments provider into a broader financial operating system.
Founded in Melbourne in 2015, Airwallex now serves more than 676,000 businesses globally. The company employs more than 2,300 people across 27 offices and holds over 85 financial licences spanning North America, Europe, the Middle East and Asia-Pacific, giving it one of the broadest regulated financial infrastructures among global fintech firms.
